Millions of extra barrels of Iranian crude oil could begin spilling on to
world markets next week, adding further to fierce downward pressure on
prices, experts have warned.

With the United Nations, which completed inspections at an Iranian nuclear
site yesterday, expected to approve the removal of trade sanctions as early
as Monday, Iran has pledged to begin pumping up to half a million barrels of
extra crude per day within one week.

The excess output promises to exacerbate a growing international glut of oil
that has already sent prices sinking to their lowest level in 12 years. The
price